Categories: Technical analysis

AUDJPY Wave Analysis – 20 August, 2020

• AUDJPY reversed from resistance level 76.45

• Likely to fall to 75.00

AUDJPY recently reversed down from the key resistance level 76.45 (which has been reversed the price from the end of December) – coinciding with the upper daily Bollinger Band.

The downward reversal from the resistance level 76.45 continues the active short-term impulse wave (i) from the middle of July.

AUDJPY is likely to fall further toward the next support level 75.00 (former resistance level from the start of July).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: AUDJPY

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